UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F-HR
FORM 13F-HR COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2011
Check here if Amendment [_]; Amendment Number: __
This Amendment (Check only one):
[_] is a restatement
[_] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Brookfield Asset Management Inc.
Address: Brookfield Place
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Form 13F File Number: 028-14349
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey Haar
Title: Senior Vice President, Legal
Phone: 416-956-5240
Signature, Place, and Date of Signing:
/s/ Jeffrey Haar Toronto, Ontario, Canada 11/14/2011
----------------------------- ----------------------------- ----------------
[Signature] [Place] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 138
Form 13F Information Table Value Total: 10,193,591
(thousands)
Confidential information has been omitted from the form 13F and filed
separately with the commission.
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. 13F File Number Name
--- --------------- ----
(1) 028-13826 Brookfield Investment Management Inc.
(2) 028-13827 AMP Capital Brookfield (US) LLC
(3) 028-14362 Brookfield Asset Management Private Institutional
Capital Adviser (Canada) LP
Brookfield Asset Management Inc.
FORM 13F
As of September 30, 2011
Voting Authority
------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
-------------- ---------------- --------- -------- --------- --- ---- ------- -------- --------- --------- -------
ALTRIA GROUP INC. COM 02209S103 540 20125 SH Defined (1) 20125
American Tower Corp COM 029912201 6679 124152 SH Defined (1)(2) 124152
American Water Works Co Inc COM 030420103 2031 67300 SH Defined (1)(2) 67300
Aqua America Inc COM 03836W103 761 35300 SH Defined (1)(2) 35300
AT&T COM 00206R102 754 26440 SH Defined (1)(2) 26440
AvalonBay Communities Inc COM 053484101 61149 536160 SH Defined (1)(2) 97323 438837
Avatar Holdings Inc COM 053494100 4020 491405 SH Defined (1)(2) 251700 239705
B&G FOODS INC COM 05508R106 334 20000 SH Defined (1) 20000
BANK OF AMERICA CORPORATION COM 060505104 11864 1938500 SH Defined 1938500
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 383 450000 SH Defined 450000
BANK MONTREAL QUE COM 063671101 195 3500 SH Defined 3500
BANK NOVA SCOTIA HALIFAX COM 064149107 176 3500 SH Defined 3500
Beazer Homes USA Inc COM 07556Q105 1250 827705 SH Defined (1)(2) 464478 363227
Boston Properties Inc COM 101121101 91293 1024617 SH Defined (1)(2) 178906 845711
Brandywine Realty Trust COM 105368203 49059 6124769 SH Defined (1)(2) 1019674 5105095
BREITBURN ENERGY PARTNERS
LP COM 106776107 228 13075 SH Defined (1) 13075
Brookdale Senior Living Inc COM 112463104 92442 7371773 SH Defined (1)(2) 1712782 5658991
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 1191 48930 SH Defined 48930
BROOKFIELD OFFICE PPTYS INC COM 112900105 3433722 249362561 SH Defined 249362561
BROOKFIELD RESIDENTIAL
PPTYS COM 11283W104 488233 73418570 SH Defined 73418570
BROOKFIELD RESIDENTIAL
PPTYS COM 11283W104 5165 776710 SH Defined (1)(2) 776710
Camden Property Trust COM 133131102 55911 1011774 SH Defined (1)(2) 188669 823105
CDN IMPERIAL BK OF COMMERCE COM 136069101 161 2300 SH Defined 2300
CANADIAN NAT RES LTD COM 136385101 176 6000 SH Defined 6000
Cemig SA COM 204409601 819 55200 SH Defined (1)(2) 55200
CenterPoint Energy Inc COM 15189T107 5741 292640 SH Defined (1)(2) 292640
CENTURYLINK INC COM 156700106 315 9500 SH Defined (1) 9500
Chesapeake Midstream
Partners COM 16524K108 274 10200 SH Defined (1)(2) 10200
China Real Estate
Information COM 16948Q103 2391 485900 SH Defined (1)(2) 218000 267900
CITIGROUP INC COM 172967424 11252 439200 SH Defined 439200
CommonWealth REIT COM 203233101 2648 139600 SH Defined (1)(2) 139600
Commonwealth REIT 6.50%
Serie COM 203233408 12964 635187 SH Defined (1)(2) 635187
CONSOLIDATED EDISON INC COM 209115104 570 10000 SH Defined (1) 10000
Coresite Realty Corp COM 21870Q105 14081 981220 SH Defined (1)(2) 321720 659500
Corporate Office
Properties Tr COM 22002T108 45091 2070287 SH Defined (1)(2) 474700 1595587
Crosstex Energy Inc COM 22765Y104 1085 80500 SH Defined (1)(2) 80500
CROSSTEX ENERGY LP COM 22765U102 127 7800 SH Defined (1) 7800
Crown Castle International
Cor COM 228227104 7634 187700 SH Defined (1)(2) 187700
Developers Diversified
Realty COM 23317H102 24988 2292479 SH Defined (1)(2) 452900 1839579
DIANA SHIPPING INC COM Y2066G104 371 50000 SH Defined 50000
Digital Realty Trust Inc COM 253868103 78299 1419486 SH Defined (1)(2) 286587 1132899
Douglas Emmett Inc COM 25960P109 55116 3223177 SH Defined (1)(2) 657100 2566077
D R HORTON INC COM 23331A109 3390 375000 SH Defined 375000
D R HORTON INC COM 23331A109 218 24100 SH Defined (1) 24100
EASTERN INSURANCE HOLDINGS COM 276534104 1629 123900 SH Defined (1) 123900
EastGroup Properties Inc COM 277276101 17358 455100 SH Defined (1)(2) 165000 290100
El Paso Corp COM 28336L109 2847 162900 SH Defined (1)(2) 162900
El Paso Pipeline Partners
LP COM 283702108 4028 113560 SH Defined (1)(2) 113560
Emeritus Corp COM 291005106 11674 827937 SH Defined (1)(2) 356800 471137
Enbridge Inc COM 29250N105 8445 265117 SH Defined (1)(2) 265117
Energy Transfer Equity LP COM 29273V100 890 25600 SH Defined (1)(2) 25600
Enterprise Products
Partners L COM 293792107 1863 46400 SH Defined (1)(2) 46400
EPR 5.75% Pfd Series C PFD 29380T402 1110 59400 SH Defined (1)(2) 59400
Equity Lifestyle
Properties In COM 29472R108 43350 691392 SH Defined (1)(2) 126200 565192
Essex Property Trust Inc COM 297178105 53346 444400 SH Defined (1)(2) 77000 367400
Forest City Enterprises Inc COM 345550107 15777 1480030 SH Defined (1)(2) 254100 1225930
FRONTIER COMMUNICATIONS
CORP COM 35906A108 587 96075 SH Defined (1)(2) 96075
GENERAL GROWTH PPTYS INC
NEW COM 370023103 87723 7249795 SH Defined (1)(2) 1560247 5689548
GENERAL GROWTH PPTYS INC
NEW COM 370023103 4280839 353788359 SH Defined (3) 353788359
GENERAL MTRS CO COM 37045V100 16928 838840 SH Defined 838840
GENERAL MTRS CO COM 37045V100 865 42857 SH Defined (1) 42857
GENERAL MTRS CO *W EXP 07/10/201 37045V118 62 5308 SH Defined 5308
GENERAL MTRS CO *W EXP 07/10/201 37045V118 454 38965 SH Defined (1) 38965
GENERAL MTRS CO *W EXP 07/10/201 37045V126 518 65308 SH Defined 65308
GENERAL MTRS CO *W EXP 07/10/201 37045V126 309 38965 SH Defined (1) 38965
HCP INC COM 40414L109 465 13250 SH Defined (1) 13250
Health Care REIT Inc COM 42217K106 50971 1089114 SH Defined (1)(2) 198800 890314
HOVNANIAN ENTERPRISES INC CL A 442487203 30 24900 SH Defined (1) 24900
HOWARD HUGHES CORP COM 44267D107 102076 2424618 SH Defined (3) 2424618
ISHARES 600/GRO COM 464287887 1238 19199 SH Defined (1) 19199
ISHARES 600/VAL COM 464287879 1134 19167 SH Defined (1) 19167
ISHARES MSCI EAFE INDEX
FUND COM 464287465 1041 21784 SH Defined (1) 21784
ISHARES MSCI EMERG MKT COM 464287234 644 18359 SH Defined (1) 18359
ISHARES RUSSELL 1000 COM 464287622 1162 18582 SH Defined (1) 18582
ISHARES S&P 500 COM 464287200 1774 15607 SH Defined (1) 15607
ISHARES S&P 500/BARRA
GROWTH COM 464287309 738 12059 SH Defined (1) 12059
ISHARES S&P 500/BARRA VAL COM 464287408 470 9103 SH Defined (1) 9103
ISHARES S&P MIDCAP 400 COM 464287507 2139 27433 SH Defined (1) 27433
ITC Holdings Corp COM 465685105 3360 43400 SH Defined (1)(2) 43400
JPMORGAN CHASE & CO COM 46625H100 7786 258500 SH Defined 258500
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 931 100000 SH Defined 100000
KB Home COM 48666K109 5845 997500 SH Defined (1)(2) 480500 517000
Kinder Morgan Energy
Partners COM 494550106 232 3400 SH Defined (1)(2) 3400
Kinder Morgan Management
LLC COM 49455U100 622 10600 SH Defined (1)(2) 10600
LAS VEGAS SANDS CORP COM 517834107 935 24400 SH Defined 24400
LENNAR CORP CL A 526057104 4450 328630 SH Defined 328630
Lennar Corp CL A 526057104 32586 2406662 SH Defined (1)(2) 539300 1867362
LENNAR CORP CL B 526057302 583 57070 SH Defined 57070
LOWES COS INC COM 548661107 803 41500 SH Defined 41500
Marriott International
Inc/DE COM 571903202 460 16900 SH Defined (1)(2) 16900
MERCK & CO INC COM 58933Y105 511 15625 SH Defined (1) 15625
MITEL NETWORKS CORP COM 60671Q104 837 395000 SH Defined 395000
National Grid PLC COM 636274300 2219 44730 SH Defined (1)(2) 44730
NISKA GAS STORAGE PARTNERS
LLC Unit LTD LIABI 654678101 146 12500 SH Defined (1) 12500
NISOURCE INC COM 65473P105 1392 65102 SH Defined (1)(2) 65102
NORTH AMERN ENERGY PARTNERS COM 656844107 4107 705598 SH Defined 705598
Northeast Utilities COM 664397106 744 22100 SH Defined (1)(2) 22100
NorthWestern Corp COM 668074305 961 30100 SH Defined (1)(2) 30100
Oiltanking Partners LP COM 678049107 1365 57120 SH Defined (1)(2) 57120
Omega Healthcare Investors
Inc COM 681936100 24947 1566070 SH Defined (1)(2) 247100 1318970
PAETEC HOLDING CORP COM 695459107 79 15000 SH Defined (1) 15000
Parkway Properties Inc/Md COM 70159Q104 5505 499962 SH Defined (1)(2) 260600 239362
Pennsylvania Real Estate
Inves COM 709102107 8064 1043251 SH Defined (1)(2) 416100 627151
Voting Authority
-----------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ -------
PHILIP MORRIS INTL INC COM 718172109 505 8090 SH Defined (1) 8090
PROGRESS ENERGY INC COM 743263105 581 11225 SH Defined (1) 11225
ProLogis COM 74340W103 77405 3191955 SH Defined (1)(2) 562300 2629655
PS Business Parks Inc COM 69360J107 2041 41200 SH Defined (1)(2) 41200
Public Storage COM 74460D109 201351 1808271 SH Defined (1)(2) 325371 1482900
Ramco0Gershenson Series D 7.25 PERP PFD-D CV 751452608 2930 77000 SH Defined (1)(2) 77000
Rayonier Inc COM 754907103 32483 882931 SH Defined (1)(2) 144131 738800
ROYAL BK CDA MONTREAL QUE COM 780087102 229 5000 SH Defined 5000
RYLAND GROUP INC COM 783764103 2396 225000 SH Defined 225000
RYLAND GROUP INC COM 783764103 143 13400 SH Defined (1) 13400
Sabra Healthcare REIT Inc COM 78573L106 3003 314802 SH Defined (1)(2) 142900 171902
SANDERSON FARMS INC COM 800013104 808 17000 SH Defined 17000
SBA Communications Corp COM 78388J106 3831 111100 SH Defined (1)(2) 111100
Sempra Energy COM 816851109 4156 80700 SH Defined (1)(2) 80700
SHO 8% Pfd Series D CV 8% CUM PFD_D 867892507 1966 92100 SH Defined (1)(2) 92100
Simon Property Group Inc COM 828806109 225561 2050927 SH Defined (1)(2) 356426 1694501
SL Green Realty Corp COM 78440X101 49866 857543 SH Defined (1)(2) 183200 674343
SPDR S&P MIDCAP 400 ETF TRUST COM 78467Y107 2223 15640 SH Defined (1) 15640
SPDR TRUST SERIES I COM 78462F103 1952 17252 SH Defined (1) 17252
Spectra Energy Corp COM 847560109 7296 297430 SH Defined (1)(2) 297430
Starwood Hotels & Resorts Worl COM 85590A401 49593 1277500 SH Defined (1)(2) 254700 1022800
Targa Resources Corp COM 87612G101 1767 59400 SH Defined (1)(2) 59400
Targa Resources Partners LP COM 87611X105 210 6400 SH Defined (1)(2) 6400
TECUMSEH PRODS CO CL B 878895101 3455 500000 SH Defined 500000
Tesoro Logistics LP COM 88160T107 1191 50000 SH Defined (1)(2) 50000
TORONTO DOMINION BK ONT COM 891160509 305 4300 SH Defined 4300
TRANSCANADA CORP COM 89353D107 445 11000 SH Defined 11000
TransCanada Corp COM 89353D107 10052 248173 SH Defined (1)(2) 248173
Ventas Inc COM 92276F100 58776 1189787 SH Defined (1)(2) 231130 958657
VERIZON COMMUNICATIONS INC COM 92343V104 795 21600 SH Defined (1) 21600
Vornado Realty Trust COM 929042109 1949 26124 SH Defined (1)(2) 26124
Weingarten Realty Investors COM 948741103 40506 1913359 SH Defined (1)(2) 342203 1571156
Whiting Petroleum Corporation COM 966387102 351 10000 SH Defined (1)(2) 10000
Williams Cos Inc/The COM 969457100 3868 158900 SH Defined (1)(2) 158900
WINDSTREAM CORP COM 97381W104 560 48000 SH Defined (1) 48000